Answer the following statement(s) true (T) or false (F)
1. The buying process can be much shorter for B2B purchases.
2. A product life cycle describes the typical pattern that an unsuccessful new product takes, from development to the end of its life.
3. A key component of a product - especially in consumer goods - is the product packaging.
4. Because services have different characteristics than products, marketing services requires a different approach than does product marketing.
5. Focus groups or in-depth interviews are both good ways to get the information necessary for journey mapping effectively.
1. False
2. False
3. True
4. True
5. True
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Which of the following accounts would appear in the balance sheet credit column?
A) Prepaid Insurance B) Buildings C) Unearned Revenue D) Service Revenue
A(n) ________ is a facilitator who assists in the distribution process
A) advertising agency B) sales agent C) manufacturer's representative D) broker E) wholesaler